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Wednesday, September 2, 2015

Average hotel price in India increases by 2% this year

In India, overall hotel prices paid by all travellers have witnessed a marginal rise of two per cent in the first six months of 2015 to an average of INR 6,411. The commercial capital of India- Mumbai, known for its buzzing night life recorded the highest rise of five per cent with an average of INR 8,091 making Mumbai the country’s city where travellers paid the most in the first half of 2015.

The city with heady mix of forts, shopping centres, food joints and the culture and tradition of Mughals- Delhi, retained its second spot despite a fall of three per cent with an average of INR 6,677. While cities like Bengaluru and Pune both had a marginal rise of three per cent, Goa which recorded the highest rise of 12 per cent last year, saw a minimal rise of three per cent with an average of INR 5,940 in the first half of 2015.

Chennai saw no change in price variation for hotel accommodation in the first six months of 2015 as compared to the same period last year whereas metro cities such as Kolkata and Hyderabad recorded a fall of two per cent and three per cent respectively. Travellers will be delighted to find that Jaipur continues to serve best value among the cities analysed with an average of INR 5,062 despite a rise of four per cent.

For the first time, hotel prices paid in three world regions have overtaken their pre-financial crisis levels of 2008/ 2009, with North America, the Caribbean and Latin America setting new records, although the overall global rise is up just one per cent in the first half of 2015 compared to the same period in 2014 according to the latest Hotel Price Index (HPI) from Hotels.com. More travellers, higher consumer spending in key areas and strong currency fluctuations have all contributed to this result.